Question

What are the major expenses of the family?


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Answer 1

Answer:

The Most Common & Highest Expenses in the Family Budget

• Housing. Housing is generally the largest item in a family budget. ...
• Food. When you were a kid, it likely seemed that your refrigerator was magically restocked by kitchen-servicing elves. ...
• Vehicles. ...
• Education Costs. ...
• Child Care.

Answer 2

Answer:

Household expenses represent a per-person breakdown of general living expenses. They include the amount paid for lodging, food consumed within the home, utilities paid, and other costs. The sum of all the expenses is then divided by the number of family members residing in the house in order to find each member's share of the total expense.

Some household expenses qualify for tax deductions. For example, if you work from home and have an office there, you might qualify for the home office deduction.

Explanation: